Peak Oil: Myth or Not. Does the Free Market Trump Mother Nature?

Similar documents
An Analysis of U.S. and World Oil Production Patterns Using Hubbert-Style Curves 1

How much oil? Gordon J. Aubrecht, II OSU at Marion

Natural Resources. Geology of the Hawaiian Islands. Please finish assignments. Any Questions? Class April 2004

Outline 16: The Mesozoic World: Formation of Oil Deposits (with a side trip to the Devonian Marcellus Shale)

Geologic Resources. Geologic Resources and Society. Geologic Resources and Society

1.818J/2.65J/3.564J/10.391J/11.371J/22.811J/ESD166J SUSTAINABLE ENERGY. Prof. Michael W. Golay Nuclear Engineering Dept.

Peak Oil: Testing Hubbert s curve via theoretical modeling

Today s oil is yesterday s plankton

DEEP SEA MINING: EXPLORATION IS INEVITABLE

1. Canadian Energy Use

Energy & Sustainability. Lecture 3: Rules of the Game Energy units and conversion Factors And a few more words On probability

Energy Geopolitics. Michael J. Economides. Petroleum Production Engineering PROF. M. J. ECONOMIDES

Mineral Supply and Consumption Searching for a Twenty-First Century Balance

Global Overview of Petroleum Resources Thomas Ahlbrandt USGS World Energy Project Chief

Earth Science 11 Learning Guide Unit 5

JAPAN GCC TRADE DURING THE YEAR 2004 Record-high imports and exports:

Coal Case Study. Information supplied by McCloskey Group

Geology. Geology is the study of the dynamic process occurring on the earth s surface and in its interior

Uranium and thorium resources: Evaluation and reporting issues

Oil in Southwest Asia:

THE INDONESIA S MINERAL ENERGY POTENTIALS AS THE BASE OF THE REGIONAL ENERGY RESILIENCE 1 By : Mega Fatimah Rosana.

A long-term global forecast for the extraction of oil and gas from shale formations

Selected Features of Giant Fields, Using Maps and Histograms By M.K. Horn 1

Fracturing Some Myths about Oil Shale. Dr. Jeremy Boak, Director Center for Oil Shale Technology and Research Colorado School of Mines June 19, 2012

Tim Carr - West Virginia University

Energy and the Economy: Twelve Basic Principles in a Finite World. Gail E. Tverberg, October 10, 2014

OIL & GAS BULLETIN. 1 st EDITION 2016/2017 YASMIN, INTAN & AIN EDITED BY

Fossils, Geologic Time, Absolute & Relative Dating, and Natural Resources. Chapters 5 & 6

Energy and Mineral Resources

University of Evora Portugal Rui Rosa s jubilation June The peak of peaks or the peak peak Jean Laherrere, President of ASPO France

Mineral Depletion and Peak Production

Packet # 4 Where does energy come from and where does it go?

MONGOLIA S COKING COAL EXPORT POTENTIALS IN NORTHEAST ASIA. Dr. ENKHBOLD Voroshilov. Director, Mongolian Development Strategy Institute (NGO)

THIS IS A NEW SPECIFICATION

Energy Geopolitics. Michael J. Economides. Petroleum Production Engineering PROF. M. J. ECONOMIDES

AN OVERVIEW OF NUCLEAR ENERGY. Prof. Mushtaq Ahmad, MS, PhD, MIT, USA

El Niño Update. September 30, 2015 by Kaisa Stucke of Confluence Investment Management

World Met Coke Trade - Imports

5 HOW DO EARTH & LIFE INTERACT?

SPECIALIST GEOLOGY SERVICES

USGS Reserves/Resource Definitions

2004 HSC Notes from the Marking Centre Earth and Environmental Science

B.C. s Offshore Oil and Gas: a Guide to the Geology and Resources.

Liberty Petroleum Corporation. Liberty Petroleum Corporation L-12-5 Review

Downloaded from

Population Growth. Our Number One Environmental and Resource Problem

Die Deutsche Rohstoffagentur (German Mineral Resources Agency) - Background and Concept -

An overview of the CRIRSCO International Reporting Template and its relationship with UNFC 2009 Roger Dixon South Africa Representative, CRIRSCO

HOW GEOGRAPHY AND GEOLOGY AFFECT BIOLOGICAL DIVERSITY

MAINLAND NWT AND YUKON 1,128 MACKENZIE/BEAUFORT BASIN ARCTIC ISLANDS EASTERN ARCTIC HUDSON PLATFORM TOTAL PRAIRIE PROVINCES AND B.C.

Student employment in Geoscience

OIL AND GAS PLAYS OF THE MICHIGAN BASIN, SOUTHERN ONTARIO. Terry Carter, Consulting Geologist London, Ontario

German-Peruvian Workshop on Research Cooperation on Raw Materials of Strategic Economic Importance

Student employment in Geoscience

Bringing Earth Science to Life

International Copper Study Group April 2011 Lisbon, Portugal COPPER The Project Pipeline Presented By: Glen Jones

1/31/17. Human Response to Natural Hazards. Human Response to Natural Hazards. Announcements. Recent natural disasters???

Extended Abstract for presentation at EAGE Meeting Paris 13/ History of Norwegian Petroleum Exploration and its impact on Norwegian Geosciences

OIL SHALE OCCURRENCES IN UPPER ASSAM BASIN, INDIA : AN OVERVIEW

Education Days Moscow Opening Session

Clues to Earth s Past. Fossils and Geologic Time

Knowledge and understanding Geographical skills. Sample pages. features people processes world places events environments characteristics

Long-term Climate Change. We are in a period of relative warmth right now but on the time scale of the Earth s history, the planet is cold.

Iraq. Iraq s future oil production: practical issues, pace and sustainability. Dr. Peter R. A. Wells CWC Iraq Conference November 2010

Untapped Vast Hydrocarbon Resource Potential of Deep Water basins in India

CET Discovery Day. Mulga Rock Project The Ambassador, Emperor and Shogun discoveries. 24 February Xavier Moreau GM Geology & Exploration

Jeremy Boak, Director Center for Oil Shale Technology & Research

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing April 10, 2013

Foretelling a major meltdown

Important Note: The current 2004 SCOS will continue to be the operational standards in the and school years

Subsurface Geology and Resource Exploration

0 questions at random and keep in order

8 th Grade Earth Science Scope and Sequence

XI. the natural carbon cycle. with materials from J. Kasting (Penn State)

Chapter 9. Natural Resources and Economic Growth. Instructor: Dmytro Hryshko

Oil Shale. - an alternative energy resource?

Energy and Energy Transfer. Warm Up. Physics Unit: ENERGY. October 31, Major Types of Energy

The Energy Problem behind Trump s Election. Nov. 17, 2016

Grade 8 Learning Objectives MS-PS2-4.

2017 Source of Foreign Income Earned By Fund

ORE 330 Mineral & Energy Resources of the Sea. Oil Supply Problem : The response

abrasion the rubbing, grinding, and bumping of rocks that cause physical weathering (SRB, IG)

Statistical Mechanics of Money, Income, and Wealth

Resource data: the provider s perspective

Inflation, El Niño, and Fishmeal

Australia s Response To The Chile Technological Roadmap In Mining : The University of Queensland Experience

Potentials for Mineral and Hydrocarbon Development in the Northern part of Greenland

Fossil Fuels, Chemistry of Fuels

Thermal energy is constantly generated

Mineral Resources Reporting and Valuation in Latin America: The CRIRSCO Standard

Newfoundland and Labrador Resource Opportunities: 2013 Licensing Round and Beyond

Mallik 2002 Gas Hydrate Production Research Well Program

NEW PETROLEUM POTENTIAL IN FIJI AND INITIATIVES TO ATTRACT OIL COMPANIES TO INVEST IN EXPLORATION

Geofacets. Do more with less OIL & GAS

Identify and explain monthly patterns in the phases of the Moon.

Dennis L Buchanan Imperial College London, UK

UPDATE ON HYDROCARBON LAW AND PROJECTIONS OF SHALE GAS RESOURCES

CANADA S ROLE IN THE GLOBAL SPACE AND ANTARCTIC GOVERNANCE. SAMUEL ADENIJI AUGUST 14, 2017.

Weather Vs. Climate. Weather Vs. Climate. Chapter 14

Chapter 9. Natural Resources and Economic Growth. Instructor: Dmytro Hryshko

Transcription:

Peak Oil: Myth or Not. Does the Free Market Trump Mother Nature? How the late M. King Hubbert applied geology, conservation of mass, and exponential growth to energy resources. What are coming consequences? Question for public discourse: How does scientific analysis become controversial and a subject of widespread skepticism? Modified after a presentation to PHYS 3333 The Scientific Method: Debunking Pseudoscience R.T. Gregory 11/05/2007

Non-renewable Resources A resource is a natural substance that can be exploited for a profit. Resources whose natural replenishment rates are slower than their rates of exploitation are considered to be non-renewable. Minerals (ore deposits), coal, oil and gas are produced by geologic processes and thus are finite and cannot be replenished on human timescales. Naturally-occurring hydrocarbons are sourced from the burial of surface-derived organic matter. A very small fraction of the biosphere is buried each year.

Commerical blue whale hunting ended in 1964 when less than 1000 were left! When a commodity becomes a resource, the rate of production grows exponentially, passes through a peak, and then precipitously declines until the resource is extinct or replaced by something else. Garrison (1995)

Human Relative and Absolute Timescales vs. Population Ever Increasing Domination of the Environment Human Population Date Time Required 1 billion 1850 all of human history 2 billion 1930 80 years 4 billion 1975 45 years 8 billion (projected) 2020 44 years Mackenzie (1998)

M. King Hubbert applied principles derived from mining geology concerning the life cycle of a nonrenewable resource to petroleum geology and scaled the analysis up to continents and the globe. Campbell & Lherrere (1998)

M.K. Hubbert, 1976, Bull. Assoc. Engr. Geol. The history of mining for metal Foster Hewett s, Lifecycle of a Non-renewable Resource. Ore deposits are chemical systems that obey Conservation of Mass.

Rate (10 9 barrels/yr) 18 10 2 P=P o e λt. λ is the growth rate Ln Rate 1880 1930 1980 30 10 1 0.1 0.01 (ln 2)/ λ is the doubling time. Hubbert (1977) Growth rate 7% Doubling time 10 yr 1880 1930 1980 M. King Hubbert plotted world production figures (the rate versus the time) and demonstrated that, on a semilog plot, a linear relationship exists between time and rate of production. This implies exponential growth. The rate X time= amount. The area under the curve on the left is the amount. For a non-renewable resource the amount is finite.

Hubbert s (1974) prediction as reproduced by the Economist Hubbert knew that there was a trade-off between the width of the peak (the sharpness) and the peak production rate. Nevertheless, the area under the curve represents the amount of the recoverable resource. The shape of the peak depends on the doubling time for consumption; the area under the curve must be the amount of the finite resource.

Increasing Q to ~3300 X 10 9, the current US Geological Survey estimate, only shifts the peak of production a decade or so & adds ~ 5 squares beneath the curve! Reserves 3 square difference: (2100-1350 =750) X 10 9 bbls Produced

Campbell & Lherrere (1998) The time from the first commercial oil well (1859) to the peak of domestic U.S. production was only about 110 years. The Age of Oil will last ~200 years!

Campbell & Lherrere (1998) Disruptions to Oil Supply: Arab Oil Embargoes of 1973 &1979 Burning Kuwait Oil Fields (1 st Gulf War)

The peak of US domestic production did not produce the catastrophy envisioned by some in 1970 s. Imports saved the day. Pinet (2003)

Largest Hydrocarbon Basins by Ultimate Potential Wagner, 2005

Global Giant Oil and Gas Fields Gas Oil Wagner, 2005

Naturallyoccurring hydrocarbons are sourced from the burial of surfacederived organic matter. Geology allows us to estimate the amount. Oil is essentially canned energy originally derived from the Sun. Garrison (1995)

Some Energy Terms A barrel of oil upon combustion delivers about 6 gigajoules energy. A joule/sec is a watt. Humans use about 30 billion barrels of oil per year for an energy use at a rate of 6 terawatts. The Sun delivers approximately 1300 W/m 2 compared to the geothermal output of ~60 milliwatts per meter square. The Earth puts out about 30 terawatts. 30,000 gigajoules per sec from geothermal energy. Exploitation of energy on a massive scale to conquer our environment has enabled our species to flourish.

Arab Oil Embargoes Year In 1993, oil supplied about 30% or our energy needs. The peak of U.S. domestic production (~1970) and OPEC pricing drove recession and inflation.

Our dependence on oil did not decrease, our imports did! Realistically, fossil fuels will continue to dominate as an energy source for several more decades. Source: DOE/EIA

Estimates of 21 st Century World Energy Supplies The optimistic view: Increasing the ultimate resource amount from 2100 X 10 9 to 3300 X 10 9 barrels only pushes the peak out a few decades. Petroleum Geoscientist Career Opportunities COAL Natural Gas Crude Oil 1900 2000 2100 YEAR Edwards 2001

Campbell & Lherrere (1998) Estimated from IEA (2007). When global production and demand reaches 30 X 10 9 barrels/yr, watch out!

Global Exploration Opportunities for Future Growth E. Canada GOM Venezuela Peru Brazil Argentina N. Sea Sakhalin Caspian Italy N Africa Vietnam Malaysia Papua New Indonesia Guinea Australia W. Africa W. Siberia Wagner, 2005

Campbell & Lherrere (1998)

Campbell & Lherrere (1998)

Campbell & Lherrere (1998)

Campbell & Lherrere (1998)

Campbell & Lherrere (1998)

The Age of Oil coincides with the massive exponential growth of human population! Mackenzie (1998)

Hubbert s Prediction 1977 Ultimate level Sustainable? Near Extinction!

What s Next? When the peak of production is reached somewhat more half the oil is still in the ground. At best, we have a few decades to figure out the transition away from oil. We must understand the environmental consequences of our success. Exponential growth must be ephemeral. The 21 st century will be the Revenge of the Earth era!